World economy
Bungling by US official led to Indian envoy’s arrest: report
27 Dec 2013
While Devyani Khobragade entered $4,500 as the salary she expected to be paid in the US, Mark Smith, a diplomatic security services agent who led the investigation against her, seriously erred in reading the figure of $4,500 as the salary to be paid to the nanny, which led to her arrest, say reports
India to overtake Japan as world’s third-largest economy: study
By By Jagdeep Worah | 26 Dec 2013
The global pecking order will change drastically over the next 15 years as emerging economies overtake developed ones, says economic think-tank CEBR. By Jagdeep Worah
Japan unveils record 2014 budget
23 Dec 2013
Japan, the world’s third-largest economy and the most-indebted nation in the developed world, has unveiled a record draft budget that outlines increased spending on social security, public works, and defence
S&P cuts EU rating, spares the UK
21 Dec 2013
Musharraf’s team seeks UN aid to end trial by ‘Kangaroo court’
21 Dec 2013
Prosecutors are demanding the death penalty or life imprisonment for the former dictator, who came to power by ousting current Prime Minister Nawaz Sharif in a bloodless coup in 1999
US economic growth surges to 4.1% in Q3
21 Dec 2013
Bank of Japan maintains record easing
20 Dec 2013
EU officials agree landmark banking deal
20 Dec 2013
The agreement envisages setting up a €55 billion ($75 billion) fund financed by the banks over a period of 10 years, to avoid future bank bailouts using taxpayers’ money
Fed to cut bond-buying by $10 bn from January, keep rate unchanged
19 Dec 2013
The cut in bond-buying would limit total central bank monetary support to the US economy to $75 billion, $10 billion lower than the current level of $85 billion
UK banknotes to get tough new makeover from 2016
18 Dec 2013
India’s exports to US, Europe rise: minister
18 Dec 2013
Angela Merkel reelected German chancellor for third time
18 Dec 2013
Angela Merkel is the third post-WWII chancellor to win a third four-year term, after Helmut Kohl and Konrad Adenauer
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